2011-05-16T14:44:48-05:00 2010-06-30 PricewaterhouseCoopers LLP 125 High Street Boston MA 02110 990 2009-07-01 042104847 WILLIAMS COLLEGE WILL 4135974412 HOPKINS HALL PO BOX 67 WILLIAMSTOWN MA 01267 WILLIAM J LENHART 2011-05-13 6175305000 2009 2016-02-24 21:20:13Z ADAM F FALK HOPKINS HALL PO BOX 67 WILLIAMSTOWN MA 01267 180196546 false X www.williams.edu X 1793 MA SEE SCHEDULE O 24 23 3261 3624 -3535112 -5789239 57413739 30854258 100063503 107717074 -31881806 40043565 1709219 1581649 127304655 180196546 36497650 42341530 0 0 102910273 99192654 4635 1250 5614146 76484256 66456209 215896814 207991643 -88592159 -27795097 1988608692 2082417011 351264505 352636428 1637344187 1729780583 SEE SCHEDULE O false false 177929990 40273890 107717074 SEE SCHEDULE O 177929990 true true true true false false true true true true true false true true true false false false false false false true true true true false false false false false true false false true false true true false false false true true false false true 3734 0 true 3261 true true true true UK false false false false true 2 false false 24 23 false false false false false false false true true false false false true true true true false true true false MA X SUSAN HOGAN 4135974204 PO BOX 67 WILLIAMSTOWN MA 01267 CESAR J ALVAREZ 2.0 X 0 0 0 BARBARA A AUSTELL 2.0 X 0 0 0 GREGORY M AVIS 8.0 X 0 0 0 DAVID C BOWEN 2.0 X 0 0 0 VALDA CLARK CHRISTIAN 4.0 X 0 0 0 E DAVID COOLIDGE III 4.0 X 0 0 0 DR DELOS M COSGROVE III 2.0 X 0 0 0 YVONNE HAO 2.0 X 0 0 0 STEPHEN HARTY 4.0 X 0 0 0 MICHAEL B KEATING 4.0 X 0 0 0 JONATHAN A KRAFT 4.0 X 0 0 0 WILLIAM E OBERNDORF 2.0 X 0 0 0 MICHAEL R EISENSON 6.0 X 0 0 0 ROBERT G SCOTT 4.0 X 0 0 0 WILLIAM E SIMON JR 4.0 X 0 0 0 A CLAYTON SPENCER 4.0 X 0 0 0 LAURIE J THOMSEN 4.0 X 0 0 0 FREDERICK M LAWRENCE 2.0 X 0 0 0 GLENN D LOWRY 2.0 X 0 0 0 FRED NATHAN JR 2.0 X 0 0 0 SARAH KEOHANE WILLIAMSON 2.0 X 0 0 0 KATHERINE L QUEENEY 2.0 X 0 0 0 Joey S Horn 2.0 X 0 0 0 ADAM F FALK 40.0 X X 0 0 0 COLLETTE D CHILTON 40.0 X 518250 0 82160 STEPHEN P KLASS 40.0 X 276828 0 56897 KELI A KAEGI 40.0 X 125212 0 32254 WILLIAM J LENHART 40.0 X 199876 0 41825 WILLIAM G WAGNER 40.0 X 190107 0 39470 ANDREA DANYLUK 40.0 X 132757 0 32937 MICHAEL E REED 40.0 X 221276 0 61945 BRADFORD B WAKEMAN 40.0 X 275711 0 58264 HOK L JOENG 40.0 X 245710 0 52681 RALPH M BRADBURD 40.0 X 193354 0 36470 SHAWN P DONOVAN 40.0 X 274479 0 91406 MORTON OWEN SCHAPIRO 40.0 X 362945 0 61094 THOMAS A KOHUT 40.0 X 215491 0 58267 3231996 0 705670 191 true true false HINTZ HOLMAN and ROBD 17 STATE STREET NEW YORK NY 10004 INVESTMENT SERVICES 3765421 LOUIS C ALLEGRONE INC 273 NEWELL STREET PITTSFIELD MA 01201 CONSTRUCTION 1097340 FOUR SEASONS HEATING COOLING INC EAST HOUSATONIC STREET DALTON MA 01227 CONSTRUCTION 948254 BARR BARR INC 269 COCHITUATE ROAD 2ND FLOOR FRAMINGHAM MA 01701 CONSTRUCTION 776126 PRICEWATERHOUSECOOPERS LLP PO BOX 7247-8001 PHILADELPHIA PA 19170 ACCOUNTING 351110 29 3353112 27501146 9537218 30854258 TUITION, FEES, ROOM AND BOARD 900099 101882780 101882780 AUXILIARY REVENUE 721110 4173986 967551 3206435 OTHER PROGRAM REV. 900099 1660308 1660308 107717074 7296373 -4644514 11940887 0 0 1439798 0 1439798 1439798 1439798 32747192 0 32747192 32747192 32747192 0 0 0 MISCELLANEOUS 713940 141851 141851 141851 180196546 103543088 -3535112 49334312 2067640 2067640 40273890 40273890 0 0 2396383 361794 1845160 189429 130721 130721 72365351 62410670 7305995 2648686 6711525 5516325 971305 223895 12323645 10431030 1508424 384191 5265029 4327424 761965 175640 0 359649 6940 352709 269921 2439 267482 0 1250 1250 0 10288890 7219501 2551228 518161 95252 63548 26749 4955 6865702 6272063 470112 123527 3399502 3340904 9247 49351 0 0 3466529 2980510 291072 194947 0 138272 113281 16721 8270 6921676 5689052 1001719 230905 0 19583816 16096296 2834209 653311 969500 500068 458162 11270 FELLOWSHIPS, STUDENT PRIZES 2422928 2422928 EQUIP RENTAL & MAINTENANCE 6130857 3789865 2333965 7027 UTILITIES 5543715 4973553 380831 189331 207991643 178859721 23517776 5614146 6613630 8537619 85108600 41099326 80652297 68816638 1032883 647200 187765 174918 18693861 17891493 657694 558885 24835727 28890333 599497857 228574780 383810191 370923077 463782153 451761995 923233891 1093115527 1988608692 2082417011 35303211 41210828 3449759 3367043 256808453 254832519 52180209 49780445 3522873 3445593 351264505 352636428 X 272772520 268462549 900453562 988418383 464118105 472899651 1637344187 1729780583 1988608692 2082417011 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 25891 25891 LOBBYING ACTIVITY EXPLANATION SCHEDULE C, PART II-B, LINE 1I THE ORGANIZATION PAYS MEMBERSHIP DUES TO MEMBER ORGANIZATIONS INCLUDING NACUBO AND AICUM WHICH MAY ENGAGE IN LOBBYING ACTIVITIES. THEREFORE, A PORTION OF THE DUES MAY BE ATTRIBUTABLE TO LOBBYING ACTIVITIES. 417750 35256026 X X X X false false true 1356383537 7662899 158826639 11848782 49030707 5318557 1456675029 1741168587 14722390 -320754718 15677010 53911305 9164407 1356383537 0.10800 0.29080 0.60120 false false 0 43684365 43684365 0 455211586 186539067 268672519 0 0 0 0 0 55200066 29426493 25773573 0 45401840 12609220 32792620 370923077 REAL ASSET COMMINGLED FUNDS 53499588 F REAL ESTATE PARTNERSHIPS 86103856 F REAL ESTATE MUTUAL FUNDS 217056 F PRIVATE EQUITY PARTNERSHIPS 263635402 F PRIVATE FIXED INCOME FUNDS 75596231 F REAL ASSET PARTNERSHIPS 25934445 F EQUITY HEDGE FUNDS 331901229 F ABSOLUTE RETURN HEDGE FUNDS 215904698 F REAL ASSET HEDGE FUNDS 39319437 F REAL ASSETS ART 1003585 F 1093115527 0 US GOV'T ADVANCES FOR STUDENT LOANS 3445593 3445593 180196546 207991643 -27795097 128129412 -7897919 120231493 92436396 264519808 128129412 -43806150 84323262 180196546 180196546 167717753 167717753 40273890 40273890 207991643 FORM 990, SCHEDULE D, PART III, LINE 1A THE COLLEGE'S ART AND RARE BOOK COLLECTIONS ARE RECORDED AT COST OR APPRAISED VALUE AT THE DATE OF ACQUISITION. COLLECTIONS ARE NOT DEPRECIATED. FORM 990, SCHEDULE D, PART III, LINE 4 THE MUSEUM'S PRINCIPLE MISSION IS TO ENCOURAGE MULTIDISCIPLINARY TEACHING THROUGH ENCOUNTERS WITH ART OBJECTS THAT TRAVERSE TIME PERIODS AND CULTURES. FORM 990, SCHEDULE D, PART IV , LINE 2B BNY MELLON BANK HOLDS THE MAJORITY OF OUR TRUSTS. USE OF ENDOWMENT FUNDS SCHEDULE D, PART V, LINE 4 THE ENDOWMENT MANAGES AND INVESTS TO PROVIDE CURRENT AND FUTURE SUPPORT FOR THE OPERATIONS OF THE COLLEGE. EXAMPLES OF SPECIFIC PURPOSES INCLUDE SCHOLARSHIPS FOR STUDENTS, FACILITIES UPKEEP, RESEARCH, FACULTY COMPENSATION AND OTHER ACADEMIC AND STUDENT OPERATIONS. FORM 990, SCHEDULE D, PART X, LINE 2 WILLIAMS DID NOT REPORT A FIN 48 LIABILITY. FORM 990, SCHEDULE D, PART XI, LINE 8 ACTUARIAL CHANGES AND PAYMENTS OF ANNUITIES $(1,063,181); GAIN ON DISPOSITION OF FIXED ASSETS $422,600; LOSS ON FINANCIAL CONTRACTS $(2,469,079); NON-RECURRING RETIREMENT INCENTIVE EXPENSES $(4,788,259) FORM 990, SCHEDULE D, PART XII, LINE 2D FINANCIAL AID $(40,273,890); ACTUARIAL CHANGES AND PAYMENTS OF ANNUITIES $(1,063,181); LOSS ON FINANCIAL CONTRACTS $(2,469,079) FORM 990, SCHEDULE D, PART XIII, LINE 4B FINANCIAL AID $40,273,890 true true true WILLIAMS COLLEGE COURSE CATALOG/BULLETIN. true true true true false false false false false false false false true false RECEIPT OF FEDERAL FINANCIAL AID STUDENTS AT WILLIAMS COLLEGE RECEIVE TITLE IV FEDERAL FINANCIAL AID. STUDENTS APPLY FOR AND RECEIVE FEDERAL FINANCIAL AID & PROFESSORS APPLY FOR AND RECEIVE GOVERNMENT GRANTS. true true Europe (Including Iceland and Greenland) 1 1 Program Services ONE YEAR ACADEMIC PROG 725584 East Asia and the Pacific 0 0 Program Services STUDY ABROAD 37394 Europe (Including Iceland and Greenland) 0 0 Program Services STUDY ABROAD 267626 Central America and the Caribbean Investments Sub-Saharan Africa Investments 1 1 1030604 SCHEDULE F, PART I, COLUMN (F) ALL EXPENSES OF OUR PROGRAM IN OXFORD ARE RECORDED AS EXPENSES IN THE FINANCIAL STATEMENTS OF THE COLLEGE. SCHEDULE F, PART I, LINE 2 For the student tuition payments we remit funds directly to the institutions based on invoices received from the institutions. true MASSACHUSETTS MOCA FOUNDATION INC 1040 Mass Moca Way North Adams MA 01247 043113688 501(c)(3) 50000 ART MUSEUM NORTHERN BERKSHIRE UNITED WAY INC PO Box 955 North Adams MA 01247 042104785 501(c)(3) 5463 PROGRAM SUPPORT VILLAGE AMBULANCE SERVICE INC 30 water street williamstown MA 01267 042756911 501(c)(3) 21000 medical services WILLIAMSTOWN COMMUNITY CHEST po box 204 williamstown MA 01267 046044550 501(c)(3) 29979 charitable contrib. IMAGES CINEMA 50 Spring st williamstown MA 01267 043407257 501(c)(3) 25000 film exhibition williamstown youth center 270 cole avenue williamstown MA 01267 042105836 501(c)(3) 100000 recreational programs williams club 15 west 43rd street new york NY 10036 131475080 501(c)(7) 1835012 closing costs FINANCIAL AID - SCHOLARSHIPS TO STUDENTS 1139 40273890 GRANTS - EXPLANATION SCHEDULE I, PART I, LINE 2 FINANCIAL AID IS AWARDED BY FINANCIAL AID PROFESSIONALS IN ACCORDANCE WITH COLLEGE POLICIES. SCHEDULE I, PART III CASH GRANTS ARE CREDITS TO STUDENT ACCOUNTS. X X X X X true true X X X X X false true false false false false false true false MORTON OWEN SCHAPIRO 250447 0 0 0 112498 0 14103 0 46991 0 424039 0 0 0 COLLETTE D CHILTON 380211 0 128226 0 9813 0 62879 0 19281 0 600410 0 93126 0 KELI A KAEGI 123548 0 0 0 1664 0 13919 0 18335 0 157466 0 0 0 STEPHEN P KLASS 275218 0 0 0 1610 0 27778 0 29119 0 333725 0 0 0 WILLIAM J LENHART 199355 0 0 0 521 0 23064 0 18761 0 241701 0 0 0 WILLIAM G WAGNER 173852 0 0 0 16255 0 21809 0 17661 0 229577 0 0 0 THOMAS A KOHUT 204173 0 0 0 11318 0 21041 0 37226 0 273758 0 0 0 MICHAEL E REED 221276 0 0 0 0 0 25514 0 36431 0 283221 0 0 0 BRADFORD B WAKEMAN 241192 0 33666 0 853 0 38983 0 19281 0 333975 0 22461 0 HOK L JOENG 218576 0 27121 0 13 0 35400 0 17281 0 298391 0 16996 0 RALPH M BRADBURD 193341 0 0 0 13 0 17589 0 18881 0 229824 0 0 0 ANDREA DANYLUK 132744 0 0 0 13 0 14977 0 17960 0 165694 0 0 0 SHAWN P DONOVAN 215051 0 59415 0 13 0 72193 0 19213 0 365885 0 3165 0 benefits Schedule J, Part I, Line 1A FIRST CLASS TRAVEL: WILLIAMS DOES NOT GENERALLY PERMIT FIRST CLASS TRAVEL FOR BUSINESS TRIPS. HOWEVER, ON OCCASION FOR UNUSUALLY LONG FLIGHTS, SUCH TRAVEL MAY BE PERMITTED PROVIDED THERE IS APPROVAL IN ADVANCE. TRAVEL FOR COMPANIONS: EXPENSES FOR COMPANION TRAVEL WERE INCURRED BY THE PRESIDENT AND VICE PRESIDENT OF ALUMNI RELATIONS AND DEVELOPMENT. WILLIAMS ALLOWS COMPANION TRAVEL ONLY ON OCCASIONS WHERE THERE IS A SPECIFIC BUSINESS PURPOSE. Payments for travel expenses for any College employee's spouse/partner, (or dependent or guest) that do not meet these criteria will constitute taxable income to the employee. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: THE COLLEGE PRESIDENT IS REQUIRED TO LIVE ON CAMPUS AS A CONDITION OF HIS EMPLOYMENT AND FOR THE CONVENIENCE OF WILLIAMS. WILLIAMS PROVIDES HOUSING FOR EMPLOYEES WHEN THERE IS A REQUIREMENT TO LIVE IN COLLEGE HOUSING. WILLIAMS has included as nontaxable compensation in Column D the estimated rental value of the private areas of the residence. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES: WILLIAMS PAID DUES FOR A GOLF COURSE MEMBERSHIP FOR FORMER PRESIDENT SCHAPIRO. THE AMOUNTS WERE REPORTED AS TAXABLE COMPENSATION. PERSONAL SERVICES: THE PRESIDENT RECEIVES CERTAIN PERSONAL SERVICES PROVIDED AT HIS OR HER HOUSE. SUCH SERVICES THAT WERE NOT BUSINESS RELATED WERE REPORTED AS TAXABLE COMPENSATION. Schedule J, Part I, Line 4b and Line 7 Members of the investment office staff are eligible to receive an annual bonus up to a certain percentage of their base salary. The bonus is determined by the performance of the investment portfolio in relation to the performance of the policy benchmark. The policy benchmark is established by the Investment Committee of the Board of Trustees. The bonus is paid out over time, requires the individual to remain employed in order to be eligible to receive payment, and is subject to claw back provisions. MASS HEALTH & EDU FACILITIES AUTHORITY SERIES L 042456011 57586CQS7 2007-01-04 76536465 CONSTRC AND 1999 CURRENT REFUNDING false false MASS HEALTH & EDU FACILITIES AUTHORITY SERIES M 042456011 57586CRL1 2007-01-04 36000000 NEW CONSTRUCTION false false MASS HEALTH & EDU FACILITIES AUTHORITY SERIES J&K 042456011 57586CPX7 2006-04-03 73396573 1996 and 2003 CURRENT REFUNDING false false MASS HEALTH & EDU FACILITIES AUTHORITY SERIES H&I 042456011 57585KW79 2003-04-02 115049757 CONSTRC AND 1993 CURRENT REFUNDING false false 75909211 0 9685059 0 518260 0 66333146 2008 true true true true 36000000 0 0 0 282152 0 35717848 2008 false false true true 70019159 0 72840280 0 556293 0 0 2006 true false true true 64204149 0 13705468 0 644884 0 100699405 2005 false true true true false false false false 0.01512 0.01512 true false false false false 0.01512 0.01512 true false false false false 0.01920 0.01920 true false false false false 0.01920 0.01920 true true true false true RBC CAPITAL 2. true false true true true false false true false true true true false false true false true TRINITY 1.63 true false true KELI KAEGI MORTGAGE ON PRIM RES X 70000 39157 false true true WILLIAM LENHART MORTGAGE ON PRIM RES X 56563 22823 false true true STEPHEN KLASS MORTGAGE ON PRIM RES X 100000 89808 false true true Thomas Kohut MORTGAGE ON PRIM RES X 70000 23130 false true true 174918 stephanie boyd spouse of an officer 130722 williams college employee false williamstown medical spouse of an officer 138117 med srvc provided to students false X 6 417750 APPRAISALS X 255 9011333 FMV X BOOKS 4 108135 MARKET VALUE 0 false true true schedule m, part I, column B In column B, the college is reporting the number of contributions. ARRANGEMENTS WITH THIRD PARTIES OR RELATED ORGANIZATIONS SCHEDULE M, PART I, LINE 32B WILLIAMS COLLEGE GENERALLY USES BNY MELLOW BANK TO FACILITATE THE SALE OF PUBLICLY TRADED STOCK. MISSION STATEMENT FORM 990, PART I, LINE 1 AND PART III, LINE 1 Williams College (the "College" or "Williams") is a private, non-profit, non-sectarian institution of higher education committed to the liberal arts education of young men and women. It is located in Williamstown, Massachusetts, on a campus of approximately 450 acres. The College was founded in 1793 and was incorporated under the name The President and Trustees of Williams College by Chapter 15 of the Massachusetts Acts of 1793 as a college "for the purpose of educating youth." The College became co-educational in 1971. Today, Williams is an independent liberal arts college for approximately 2,000 full-time undergraduate and 50 graduate students who come from all of the 50 states and many foreign countries. The Williams curriculum offers study in the humanities, the social sciences and the natural sciences and combines a broad education with knowledge of one field in depth. The College offers the Bachelor of Arts degree at the undergraduate level. In addition, Master of Arts programs in Policy Economics and History of Art are offered. REVIEW PROCESS FORM 990, PART VI, LINE 11 WORKING WITH PRICEWATERHOUSECOOPERS, LLP ("PWC"), THE FORM 990 IS PREPARED FOR REVIEW BY SENIOR MANAGEMENT AND THE AUDIT COMMITTEE. PWC SIGNS THE RETURN AS PAID PREPARER. A FINAL FORM 990 excluding the name of an ANONYMOUS donor was THEN DISTRIBUTED TO THE FULL BOARD BEFORE FILING WITH THE IRS. CONFLICT OF INTEREST FORM 990, PART VI, SECTION B, LINE 12C Trustees are required to file a Conflict of Interest Disclosure annually. The disclosure forms are reviewed by the Chair of the Audit Committee. Employees are required to file a Conflict of Interest Disclosure form annually. Disclosures are reviewed by Department Heads and Senior Staff. Trustees and employees are expected to report any mid-year changes to the President's Office and their supervisor respectively. document retention POLICY FORM 990, PART VI, SECTION B, LINE 14 Williams College does not have one overarching document retention policy. Each department has a document retention and destruction policy that is applicable to the nature of the information that they collect. Process for determining Compensation FORM 990, PART VI, SECTION B, LINE 15 WILLIAMS COLLEGE ASSIGNS THE DUTY OF SETTING EXECUTIVE COMPENSATION TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE SELECTS A SUBSET OF THE COMMITTEE TO SERVE AS AN INDEPENDENT COMPENSATION COMMITTEE THAT ANNUALLY REVIEWS THE COMPENSATION OF THE PRESIDENT. THIS COMMITTEE CONSIDERS COMPENSATION SURVEYS, MARKET DATA AND ANALYSES. THE COMMITTEE'S DELIBERATIONS ARE NOTED. THE COMPENSATION OF THE ORGANIZATION'S OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE PRESIDENT. THE PRESIDENT CONSIDERS COMPENSATION SURVEYS, MARKET DATA AND ANALYSES. GOVERNING DOCUMENTS FORM 990, PART VI, SECTION C, LINE 19 Williams College financial statements are posted on the College website. Conflict of Interest Statements and Governing Documents are on file in the President's Office and are not public. STERLING & FRANCINE CLARK ART INSTITUTE 225 south street WILLIAMSTOWN MA 01267 042163004 ART MUSEUM MA 501(C)(3) 11A NA ASSOCIATED KYOTO PROGRAM INC college hall rm 204 northampton MA 01063 042996114 EDUCATION MA 501(C)(3) 11D NA WILLIAMS COLLEGE LAND FOUNDATION 880 main street WILLIAMSTOWN MA 01267 043158500 RE HOLDING MA 501(C)(3) N/A NA WILLIAMS COLLEGE OXFORD PROGRAM 145 Banbury Road Oxford UK 0x27an EDUCATOR UK N/A n/a N/A false false false false false false false false false false false false false false true false false false sterling & francine clark art institute o 61883 williams college oxford program o 687660